Austin Condos Real Estate Blog

Condo of the Week: Shore Condos

The Shore is a 22-story luxury high-rise condominium located in Austin’s Rainey Street District with panoramic views of the Colorado River and the twinkling lights of Austin’s city skyline. This 192 unit condo tower offers studio and 1-2 bedroom units averaging 1,200 square feet in size. 

It is an urban oasis surrounded by tranquil green spaces and has one of the most beautiful outdoor living areas in Downtown Austin. It is within walking distance of Lady Bird Lake and Ann and Roy Butler Hike and Bike Trail. Lakeside recreation and classic Austin city life is available right at the building’s doorstep.

The Shore offers residents amenities suitable to the finest resort. In-house amenities include 24-hour security, a luxurious lobby, controlled-access parking, a spacious outdoor terrace with a calming lap pool, and a top-of-the-line fitness center. This environmentally-friendly building is certified by the Austin Green Building Program.

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AISD sells HQ site and Baker Center for $53 million in Land Sales

Austin Independent School District is selling its headquarters campus on West 6th Street to an active local developer and plans to move its administrative offices to a building outside of downtown on South I-35. 

Downtown Austin Aerial view

AISD trustees voted Monday night to sell the Carruth Administration Center at 1111 W. Sixth to Schlosser Development Co. for $35.5, according to multiple media reports. The company executives plan to redevelop the existing buildings - more than 158,000 square feet of office and residential space across five buildings. It has also been rumored that the company could potentially demolish the buildings and construct something new from the ground up. 

Fortunately, the property isn't in Capitol view corridor that would limit building heights. Schlosser is busy in the downtown Austin Area, as they are putting finishing touches on the Shoal Creek Walk office tower three blocks east. 

Other land sales approved Monday by AISD:

• $3 million, former Millett Opera House (home of the Austin Club) at 110 E. Ninth St. to the Foundation for the Preservation of the Historic Millett Opera House

• $1.96 million, eight acres at the southeast corner of Tannehill Lane and Jackie Robinson Street to city of Austin

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South West Austin Condo Just Listed!

6718 Silvermine Dr #901 Austin, TX 78736

$169,997 | 1,072 Sq.Ft. | 2 Beds | 2 Baths

6718 Silvermine Drive

Awesome condo in a great location. Airy open floor plan, tile and wood floors, many updates! Located near Y at Oak Hill offering easy access to downtown, Lakeway, Dripping Springs, and other Greater Austin Areas. From the private patio to the easy flowing living/dining spaces along with the community pool, ample areas for friends and family to gather. You're going to love your new home!

For more information click here.

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TxDOT Considers Adding 2 Toll Lanes to I-35

In an effort to assist with congestion on Interstate 35 through downtown Austin, the Texas Department of Transportation is looking at adding two managed express lanes, where fees are increased during heavy traffic and lowered during light traffic, in each direction.

Local officials announced the $8 billion project, titled Capital Express, at the Austin Chamber of Commerce Regional Growth Summit meeting Monday. The toll lanes are expressed to be very similar to Mopac's single express lane. TxDOT Public Information Officer Diann Hodges said the express lane would stretch 33 miles from RM 1431 in Round Rock to SH 45 Southeast near Buda.

The main concern is the congestion in downtown. "Because of the constraints and the fact that we cannot widen the roadway, we're actually going to go down," said Hodges. 

Along with adding two additional lanes, TxDOT said I-35 through downtown Austin would be lowered, and it is possible that the plan could involve removing the upper decks that stretch from Martin Luther King Boulevard and Airport Boulevard. 

"We only get one shot to rebuild and improve I-35 through downtown Austin, so we have to do as much as is reasonable within the existing footprint to enhance mobility and lower it," said Senator Kirk Watson.

Many were thrown off by the decision to create toll lanes rather than general purpose lanes. TxDOT said that if that were the case, the lanes would clog quickly. 

"This is a way to kind of control that traffic," said Diann Hodges. "Provide some relief to those general purpose lanes but also provide those who may need to get somewhere in a hurry, that opportunity."

Before this project will begin, the public will input from previous I-35 meetings will be taken into account as well as an environmental...

Condo of the Week: Sabine Condos

Sabine Condos

The Sabine On 5th Condos is a former iconic office building in downtown Austin recently renovated and repurposed into residences. It is located on the banks of Waller Creek, between 5th Street and 6th Street. This unique location gives Sabine Condos distinct views of the State Capitol, University of Texas, Lady Bird Lake, and the Hill Country.

Sabine Condos houses 80 units with floor plans ranging from one-bedroom units, 600 square feet,   to two-bedrooms with 1400 square feet. It features stained concrete floors, massive windows, soaring 11' ceilings, stainless steel appliances, maple cabinetry and contemporary kitchens and baths with stunning glass tiles.

The building is close to chic cafes, museums, theaters, and a variety of Austin venues, perfectly blending prestige with trendiness, luxury with affordability. It is adjacent to the Red River District, with 3 blocks of live music venues and close to the famous 2nd Street District with a wide range of restaurants, shops, outdoor cafes, museums and outdoor activities in the nearby Town Lake complex.

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Condo of the Week: Riverwalk Condos

About Riverwalk Condos

If you are looking for an established condo community in South Austin with peaceful surroundings and a short commute to the heart of the city, then look in the way of Riverwalk Condos. The 144-unit condo development boasts a strategic location for individuals who need to be in downtown for work and at the shores of Lady Bird Lake for fun on weekends. A gated community with a diverse mix of residents, living in Riverwalk Condos means you can mingle with students, career professionals, and retirees alike. Truly a gem, the spacious units of Riverwalk Condos can offer you two- and three-bedroom layouts, each with their own exterior entrances and a share of the well-tended community landscaping.

Residents can choose between hiking at the 10-mile Lady Bird Lake Hike and Bike Trail, kayaking on sunny weekends, or a simple dip at the well-maintained community pool. Big Stacy Park and the Blunn Creek Nature Preserve are close by too-- perfect destinations for short day trips on weekends. For shopping and dining options, Riverwalk Condo residents can simply head to South Congress Avenue and the myriad of shops and food bistros that can keep you urban busy the whole day. Thanks to its close location to downtown Austin, it’s easy to spend time in the concrete jungle when you want to, or simply relax in the tranquil setting of your home when you feel like it. If what you need is a peaceful home right at the center of the action, Riverwalk Condos is the home for you. Located off of East Riverside Drive between Alameda Drive and Newning Avenue, the condos are on the shores of Lady Bird Lake and use a 78704 zip...

Condo of The Week: Austin City Lofts

About Austin City Lofts

Austin City Lofts feature living spaces that can be described as a mix between a simplistic-modern and elegant, embellishments influenced by European architecture. All lofts include floor-to-ceiling windows, as well as access to the pool and fitness center located in the building; perfect for a relaxing finish to any day. Austin City Lofts for sale range in price from the mid $300’s to $1.3M, and include everything from smaller, 1-bedroom lofts, to the penthouses located on the top floors of the building.

For those living in Austin City Lofts, everything is walking-distance from the building, making it easy to grab a quick bite at Frank and Angie's Pizzeria or enjoy the night-life of West 6th St.  Austin City Lofts offers luxury and convenience for those looking to live in the heart of downtown Austin.Austin City Lofts is located at the corner of West 5th Street and West Avenue. The zip code for Austin City Lofts is 78703.

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Condo of the Week: Avenue Lofts

About Avenue Lofts Condos

Located just one block down from Austin’s thriving entertainment district, Avenue Lofts truly offers a unique downtown living experience. This 38 unit condominium community was once an office building, yet has been converted into one and two story lofts. Exposed infrastructure, stained concrete floors, and unique lighting lend a modern feel to each loft. Residents of Avenue Lofts enjoy a private pool, fitness center and covered reserved parking. Lofts range in size from 1,000 to 1,800 square feet and are priced in the $200s to $400s. The Avenue Lofts are located off of East 5th Street (South) and are bordered by East 6th Street (North), Neches Street (East) and Trinity Street (West). The zip code for Avenue Lofts is 78701.

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HOT NEW LISTING! 1829 Coronado Hills Dr

1829 Coronado Hills Dr.

Welcome to Coronado Hills. Situated in a secluded neighborhood with easy access to cross town highways. Enjoy over-sized bedrooms, welcoming kitchen and living dwellings, refined wood and lavish finishes throughout interior and exterior. Beautifully equipped media room and surround sound system to allow for comfort and ample opportunity for guest entertainment! Luxurious backyard resort-style pool, outdoor kitchen, and patio provides for an instant vacation featuring waterfall, hot tub, covered patio overlooking greenbelt and beautiful Austin hill country.

Easy access to beautiful Downtown Austin and close shopping in the area. With a plethora of community amenities such as tennis courts and pool, undoubtedly this fantastic home will be top of mind for all that have the opportunity to view it. 

For more information about this listing, please click here. 

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Condo of the week: 360 Condos

About 360 Condos

The 360 Residential Condominiums are conveniently situated along Shoal Creek, on the western end of downtown Austin. Residents enjoy easy walking distance to restaurants, clubs, hike, and bike trails, Lady Bird Lake, Republic Square Park, the Second Street District, the Warehouse District, and many other destinations. At 44 stories and 581 ft (177.1 m) to the tip of the spire, 360 is the second tallest all-residential building in Texas. Built in 2008, the 360 Condos are considered part of Austin's Market District, an area of downtown Austin named after the flagship Whole Foods development at its heart.  

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Things You Need to Know about U-Texas' Diversity and Inclusion Plan

The University of Texas is constantly drumming up ways to better their program and work to give students, and staff an exemplary experience. This plan was created to work towards making a "comprehensive guide to the institution as it supporst a more diverse and inclusivve campus culture," says Gregory Vincent, the vice president for diversity and community engagement.

“This plan strengthens these efforts and helps make certain we are all doing our part of building a strong, inclusive culture where all members of the community are respected and the educational experience for our students is enhanced by diverse people, scholarship and ideas.”

The plan focuses on eight areas: University leadership, staff, students, faculty, communication, campus climate and culture, alumni and community and pre-K-12 partnerships.

  • Investments will be made to bring more student housing for freshmen
  • It will create a long-term transportation plan
  • It calls for more faculty and staff inclusion training
  • It will establish a university-wide testing center
  • It calls for renewed student recruitment and admissions effort

The University will expand minority outreach and recruitment plans as well as include early financial aid packages during the recruitment process. The plan will also play a huge role in the University's overall admissions process.

To read more about this new plan, click here to read the full article from which this blog was based. 

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Construction on Austin's Newest Luxury Apartments Near Wholefoods HQ Now Underway

Oden Hughes LLC and CWS Capital Partners LLC have created a joint venture to build an upscale apartment community just west of downtown near the flagship Whole Foods Market Inc. store on Sixth Street.

The 226-unit complex with associated retail has broken ground at 1301 W. Fifth St. on a 1.6-acre site that previously was occupied by an AT&T office building and fleet parking lot.

Documents at the city of Austin show that the project is valued at nearly $29 million. About 10 percent of the units — one, two and three-bedroom floor plans — will be leased at below market rates to qualified households.

The development is scheduled to deliver in late 2018, including the 2,200-square-foot retail space on the ground floor. The contemporary styling is by Austin-based Kelly Grossman Architects.

Austin-based Oden Hughes previously built multifamily projects on behalf of CWS — including the recently completed Water Marq mid-rise at 300 E. Riverside Drive.

Oden Hughes also has a track record of building its own projects, including the 339-unit Lenox Boardwalk that will begin welcoming tenants in June. The apartment complex in East Austin is down the street from the $300 million Oracle (NYSE: ORCL) campus, which is under construction. At least 500 employees are expected to work at Oracle, supporting the tech giant’s burgeoning cloud-based...

Additional Transport Options Surface as Austinites Begin to Rely More on Public Transport Services

App-based shuttle service, Chariot, will begin servicing riders on a late-night shuttle schedule from January 27 'til next month. Downtown travelers who are going to and from bars and restaurants along Rainey Street to West Sixth Street will benefit from this new service, as the new shuttle's route runs along that area. 

Chariot shuttle vehicles hold a maximum of 14 passengers and will charge $3.50 per person for their late-night route.

The new initative was created in partnership with the West Sixth Business Association to "test new mobility solutions to support local businesses in both neighborhoods and provide a convenient option for residents and visitors traveling between the two high-traffic areas.” Local residents and frequent city visitors are familiar with the increase in traffic congestion in the city as it undergoes a boom in urban development. This new travel option is a welcome addition to public transport services, as residents and visitors rely more on public transport for more convenient travel in the area.

Chariot launched its first public commter routes last December with typical communting hours. The new late-night service, called "the West 6th Runner", will operate from 10 p.m. to 1 a.m. Interested in this new transport service? The company actually offers first five rides free by signing up with their promo code. Simply type in "WEST6TH" when registering. 

For more information, you can visit the official Chariot website by clicking on the link.

This article is based on a post that first appeared at Community Impact.

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Free Metro Rides in Austin on New Year's Eve: What You Need to Know

Capital Metro is helping Austin-area residents enjoy the New Year's celebrations safely by giving out free rides. The MetroBus, MetroRapid, MetroRail, and MetroAccess will all offer free rides after 6 p.m. on New Year's Eve in an effort to abate traffic and help Austin locals and visitors enjoy the celebrations more safely.

The schedule for the free transport can be accessed on this link. Customers can also access the automated phone line and online Trip Planner 24/7 to help them prepare their routes in advance.

Here are some things you need to know if you want to enjoy the free transport services for New Year's Eve:

  • MetroRail buses will start giving free rides after 6 p.m. on December 31. With 9 MetroRail stations in Austin, the plan also includes extending the service on Saturday with an addition trip leaving downtown at 2:30 a.m.
  • MetroRapid will offer its final departures at 2:30 a.m. from downtown along Guadalupe and Lavaca streets. There are two MetroRapid routes: one connects the Tech Ridge area to the Southpark Meadows shopping center in Southwest Austin through the UTexas campus and downtown; the other connects The Domain to the Westgate area in Southwest Austin via UT and downtown.
  • Five Night Owl routes will run to and from Sixth and Congress every 15 minutes from midnight until 3 a.m. on New Year’s Eve.
  • Local MetroBus service will operate a Saturday schedule on New Year’s Eve, but E-Buses and UT Shuttles will not be in service.
  • Capital Metro's...

Major Central Austin Development in the Works with Approved Grove at Shoal Creek Deal

The proposed mixed-use development in Central Austin called The Grove at Shoal Creek will pave the way for the development of thousands of new residential units in the area. And thanks to an agreement between key city officials and the developers, final plans have already been plotted to determine the true size and scope of the project.

The controversial project was the source of contention and debate, as developers decided on what to do with the raw plot of land they have acquired for $47 million from the Texas Department of Transportation.

Challenges arose when developers tried to submit a "Planned Unit Development" for approval, but could not easily get the "go" as the land hasn't been zoned before. But thanks to an agreement signed last December 4,  The Council approved a revised PUD that would "cap office space at 185,000 square feet and cap retail space at 140,000 square feet, including a maximum of 35,000 square feet per tenant and no more than 10,000 for “cocktail lounge entitlements."

The development will also provide an additional 1,500 homes in Central Austin. The cap on maximum number of allowed apartments that was previously set at 650 was also lifted. To read more about this developing news, you can access the original article from which this post was based here.

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Come Join the Veterans Day Parade in Downtown Austin

Here is a repost of the original announcement for the annual Veterans' Day parade held at downtown Austin. Please note the route and traffic advisory for your convenience:

Veterans' Day is an annual American holiday honoring military veterans'. Both a federal holiday and a state holiday in all states, it is usually observed on November 11. However, if it occurs on a Sunday then the following Monday is designated for holiday leave, and if it occurs Saturday then either Saturday or Friday may be so designated.

It is also celebrated as Armistice Day or Remembrance Day in other parts of the world, falling on November 11, the anniversary of the signing of the Armistice that ended World War I. (Major hostilities of World War I were formally ended at the 11th hour of the 11th day of the 11th month of 1918 with the German signing of the Armistice.)

Funding for Feasibility Study of Proposed Gondola System Approved for $15K

A proposal that would add a gondola system to South First and Guadalupe streets gained momentum today after a regional mobility agency approved funding a feasibility study.

The Central Texas Regional Mobility Authority board approved splitting the cost of the $15,000 feasibility study with the city of Austin and the city’s transit agency, Capital Metro. Each organization would pay about $5,000, and the Texas A&M Transportation Institute will conduct the nine-week study, said Jeff Dailey, the Mobility Authority’s deputy executive director.

“The object is to provide information on the strengths and weaknesses of this [proposal] for consideration for further study,” he said. “They’re going to look at research documentation, operations and maintenance costs of other systems and provide an independent, high-level assessment and also look at the effectiveness of it as a transit system.”

Other areas of study will include demand and capacity for a gondola system, environmental impact, safety issues and financing, according to Mobility Authority documents.

Board chairman Ray Wilkerson said the gondola system is an example of the other types of projects the Mobility Authority is able to consider besides toll roads. The organization was created to look at relieving congestion in a variety of modes, he said.

“Whether this goes further or not, I’m glad that this board is open-minded enough to start discussing other avenues,” he said.” … The fact that we are able to do that and [it] is part of our direction, then I’m in favor of moving forward with these type of items that come up more often to look for what we can do to relieve congestion in Central Texas.”

The Mobility Authority first heard ...

8-Mile Gondola System Proposed as Alternative Transport in Downtown Austin

Argodesign, the company behind the The Wire urban cable concept, is proposing a gondola system for downtown Austin that comprises an 8-mile long cable route from South First Street, Slaughter Lane North, to Guadalupe Street near the University fo Texas campus.

The concept is similar to gondola systems found in ski resorts, and the downtown project is proposed to be a high-speed, detachable gondola system that makes use of towers and stations above the city's roads. The proposal aims to provide a solution to downtown Austin's three current needs: alternative transport options, boost tourism, and bolster the Austinite's desire to preserve their novelty to "Keep Austin Weird".

But on the practical side, the Mobility Authority board of directors is gathering more information on the proposed project, while considering funding a viability study to see how to make it work. The viability study, if approved, will cost the city $15,000. The amount, however, is a money well invested since it will serve as a precursor to a more detailed feasibility study that could cost $1 million, and eventually a project that would cost between $290-$600 million.

To learn more about this developing story, please click the link to access the original article, or check out our blog for future updates. 

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Want to Rent Out Your Condo? Check Out These City Council-Imposed Restrictions First

The Austin City Council is now regulating the short-term rental of homes that are not classified by their prospective owners as their homestead of main dwelling. 

Austin homeowners looking to rent out their houses for fewer than 30 days must obtain a license costing $285—$235 for a renewal—in one of three different categories, Type 1 and 1A, Type 2, and Type 3, depending on the type of property they will be renting. They also must pay hotel occupancy taxes.

Zaatari applied for a Type 2 license, which is for residential rentals the owner doesn’t claim as his or her main dwelling, or homestead, according to city regulations.

In November 2015, the Austin City Council placed a temporary moratorium on new licenses for Type 2 short-term rentals. In February, the City Council voted 9-2 to amend the law and implement new regulations for those rentals, including a ban on them by 2022.

The council’s new rules created an occupancy limit of no more than 10 related adults or six unrelated adults in a short-term rental and prohibited “outdoor assemblies”—weddings, bachelor or bachelorette parties, concerts, or “group activities other than sleeping”—from 10 p.m. to 7 a.m.

Outdoor gatherings of more than six adults also are prohibited from the hours of 7 a.m. to 10 p.m. And the new rules allow inspectors to enter and survey properties “at all reasonable times.”

‘Silly Restrictions’

In response to the new rules for Type 2 short-term rentals, the Austin-based Texas Public Policy Foundation filed a lawsuit challenging the constitutionality of the regulations.

“The ordinances infringe upon the rights to privacy and assembly,”...

Questions You Need to Ask When Buying a Condo

Buying a condo is just like buying a home-- it has its pros and cons. Condos are cheaper, rarely requires you to do "the dirty work" (thanks to shared maintenance), and provides you with great amenities such as gym membership, pool use, and other facilities that are available in the property. However, the downside of living in a condo is that monthly dues are expensive (you don't do your landscaping but you're paying someone to do it for you) and you have to strictly comply with the rules of the condo board that regulates condo living.

To prepare yourself for the condo life ahead of you, you have to ask these important questions to your condo board to know what to expect before you actually purchase or move in: 

How much is the monthly fee?

Condos charge a monthly fee that pays for the entire upkeep of the residential building. Ranging from $200 to $400, this monthly fee covers costs OUTSIDE your condo such as pool maintenance, landscaping, security, etc. Since you're going to pay this every month for the next X number of years that you're going to live in the condo, you have to ask the board exactly what your monthly fee covers. A general rule of thumb is that anything outside your condo should be taken care of by the board. The maintenance INSIDE your condo, on the other hand, should be taken care of by you.

Can I see the financial statements?

Condo owners are entitled to see the condo's financials, and you as a [future] condo owner should check this out. The financial statements will tell a story about your chosen residence: too much money going out compared to what is coming in almost always means "mismanagement" and headache for you as a future condo owner.

Are there assessments scheduled in the near future?

Assessments are one-time payments that cover capital improvements and repairs. If you are going to buy a condo, you have to ask if there is an upcoming assessment....